bin Laden prophesy

[Beestie]

Originally Posted by xoxoxoBruce

Did they get a big government contract, or something similar, that would ensure long term profits, or just the security market is fat?

They just landed (yesterday) the biggest contract in the company's history to sell cargo inspection equipment to an unnamed Middle East country. Apparently, they have devices that can see through cargo containers and detect all sorts of interesting things hidden inside.

[Undertoad]

Good call B.

http://biz.yahoo.com/bw/060301/20060301005605.html?.v=1

March 1, 2006--American Science and Engineering, Inc. (NASDAQ: ASEI - News; AS&E®), a leader in X-ray detection technology, announced today that it has been awarded a two-phased contract valued at $45 million from a Middle East Customs Agency to use its patented X-ray detection systems to secure strategic borders, seaports, and airports.

$45M contract, for a company grossing $149.8M a year and the stock rises 15%. Sounds about right.

[tw]

Originally Posted by Undertoad

$45M contract, for a company grossing $149.8M a year and the stock rises 15%. Sounds about right.

And some people waste good money on lottery tickets. One can buy a winning ticket in the stock market. Just read the Cellar - in this case a thread called Port Nonsense .

[xoxoxoBruce]

its patented X-ray detection systems to secure strategic borders, seaports, and airports.

I'd say their future is very bright.... until the lion lies down with the lamb......or eats it.